Choosing Coverage

Here’s how to begin choosing the maximum benefits for your operation:

STEP 1: CHOOSE WHICH PRACTICE TO INSURE
Insure either field grown or container grown practices, or both practices. All eligible nursery stock in the county and the covered practice must be insured.

STEP 2: CHOOSE A LEVEL OF COVERAGE FOR EACH PRACTICE INSURED
Insure your field grown plants at the Catastrophic Level, and your container grown plants at Buy-up. Or both at Catastrophic, or both at Buy-up, etc.

Catastrophic Coverage (Cat) Level
Every eligible grower should carry at least this level of coverage. The deductible is 50% with a payable loss reduction factor of 55%. This level of coverage is subsidized 100% by the USDA. It is available for a fee of $100 per practice per county. No additional premium paid by you.

Buy-Up Coverage
Growers should also take a look at higher levels of coverage . . . up to 75% coverage is available. The USDA subsidizes buy-up policies at varying amounts. Plant type, insurance values, and coverage level selected are among the factors that affect cost. Buy-up coverage allows a separate level of coverage to be selected for each of the following plant categories:

Deciduous Trees (Shade & Flower) Broadleaf Evergreen Trees Coniferous Evergreen Trees Fruit & Nut Trees Deciduous Shrubs Broadleaf Evergreen Shrubs Coniferous Evergreen Shrubs Small Fruits Herbaceous Perennials

Roses Ground Cover and Vines Annuals Foliage Palms and Cycads Liners (container grown only, all insurable plant types) Other plant types listed in the Special Provisions

STEP 3: KNOW YOUR CROP INSURANCE UNITS
Used for determining separate coverage and losses within the insured practice, units are available as follows:

• Catastrophic Policyholders have separate basic units for stock in which the policyholder has a 100% share vs. stock grown on a share basis.
• Buy-up Policyholders will have the additional advantage of choosing separate units for each of the previously listed plant categories.

STEP 4: SELECT YOUR ENDORSEMENTS
Not available on Catastrophic Policies

• Peak Inventory Add-On Option
  One peak period may be added yearly, increasing your coverage up to twice the base amount for the months when your inventory is at it’s highest. The advantage is more control over the coverage and cost.
• Rehabilitation Endorsement
  Provides for rehabilitation payments for field grown plants damaged by insurable causes, requiring additional practices in order for the plant to recover and become marketable.
• Pilot Nursery Grower’s Price Endorsement
  Available only in AL, AR, CT, FL, GA, KY, LA, MA, MD, MS, NC, NJ, NY, OR, PA, SC,TN, VA, and WA
  Provides for Upgraded Plant Pricing that is greater than the price contained in the USDA Risk Management Agency’s Eligible Plant/Price listing but is less than or equal to the price in your catalog or price list. Requires additional reporting and verifiable sales records.

NURSERY CROP INSURANCE CONTINUED:
THE BASICS | CHOOSING COVERAGE | BEGINNING COVERAGE | LOSS EXAMPLES

This is a summary and does not reflect complete policy terms. For complete policy terms, go to http://www.rma.usda.gov/policies

This website provides limited information, and the information herein cannot be considered an offer or guarantee of insurance coverage.  Contact AgSecure for more information on programs in your area.